Main trends
The main trends that this industry has witnessed in the last five years are: the fact that the Indian semiconductors market reflects the overall economic activity in the country and is experiencing spectacular growth in India. Experts suggests that the semiconductor and embedded design industry in India generated revenues of $3.25 billion in 2005, and is likely to boom to $43 billion by 2015).

The emergence of many third-party outsourcing companies, creation of an ecosystem -- academia, boutique firms with specialist capabilities, growing importance of domestic market: automotive, mobile, consumer electronics and the return of experienced Indians from overseas/developed markets -- helped us get the mid- and senior-level talents to jump-start the third-party design services companies.

The recent news about the US recession may be a great opportunity for the Indian semiconductor companies to be aggressive. The increasing need is to get the biggest bang for every R&D dollar spent and India provides exactly that! From a local market standpoint, the electronics and the automotive markets are particularly facing exciting times in India. The consumer and mobile markets have huge potential in terms of numbers and challenges in terms of technology and costs.